Russia's United Engine names new chief

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Shareholders of Russia's United Engine Corporation have appointed Vladislav Masalov as its director general in a move to enhance its management system.

Masalov was chief of Moscow-based engine manufacturer Salyut and deputy managing director for economics and finance at NPO Saturn.

United Engine says it has formed a new management structure to consolidate assets within its framework and achieve a strategic goal of becoming one of the key players in the global gas turbine market.